Renaissance Adds Dell, Yahoo!, Trims Apple

NEW YORK ( TheStreet) -- Hedge fund heavyweight Renaissance Technologies added new positions in Dell ( DELL) and Yahoo! ( YHOO), according to 13-F filings released by the Securities and Exchange Commission on Tuesday.

The fund, which is led by fund manager and former code-breaker James Simons, added 2,521,878 shares of Texan PC maker Dell during the quarter ended March 31. Renaissance also ended the quarter with 1,770,400 Yahoo! shares.
Renaissance Technologies has added a new position in Dell.

AOL ( AOL) is another Internet stock in Renaissance's Portfolio. The fund increased its position in the New York-based Web firm from 1,162,600 shares to 1,435,100 shares. Renaissance, however, trimmed its Apple ( AAPL) holdings from 1,280,419 shares to 736,619.

Last quarter, Renaissance increased its position in storage software specialist CommVault ( CVLT), a trend which continues. The hedge fund had 559,500 CommVault shares at the end of the March quarter, up from 314,200 at the end of December.

Network storage specialist NetApp ( NTAP) is also looking increasingly attractive to Renaissance, which hiked its stake in the company from 246,000 shares to 804,600.

Renaissance, however, significantly pared its holding in storage giant EMC ( EMC) from 3,905,100 shares to just 309,100 shares.

The Long Island-based fund also trimmed its position in managed hosting specialist Rackspace ( RAX) from 345,600 shares to 238,200 shares.

-- Written by James Rogers in New York.

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